Power Products said it acquired Lenco Marine.
Florida-based Lenco Marine designs and makes trim tabs, actuators, hatch lifts, accessories and the AutoGlide automatic trim tab control system.
“Lenco Marine is a recognized leader in innovation, product quality and customer service in the marine industry since its founding in 1986,” Power Products CEO David Scheer said in a statement. “The acquisition of Lenco Marine greatly strengthens our marine division.”
“Lenco Marine has built a tremendous reputation in the marine industry,” Power Products Marine division president Chris McClain said. “Their core values are an ideal fit with our philosophy of providing innovative solutions.”
“We are very pleased to partner with Power Products as we take Lenco Marine to the next level of growth,” Lenco Marine co-founder Richard DeVito said. “Power Products is the industry leader in marine electrical products and systems, and we view this as a great strategic fit for our customers and employees.”
The companies said Lenco Marine will continue to operate in Stuart, Fla., under the current leadership.